Oireachtas Joint and Select Committees
Thursday, 7 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Michael Torpey:
Ulster Bank did engage with mortgage brokers and, as far as I'm aware - and I've to caution in those terms - the nature of the engagement with mortgage brokers was by way of commission payments to mortgage brokers for business originated. I'm not aware of any engagement or proposal to engage in a more substantive or different business model but I'm open to correction on that.
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